| Federal Reserve Chairwoman Janet Yellen told lawmakers on Tuesday that she would have a significant problem with adding currency manipulation provisions into global trade agreements. Yellen said monetary policy decisions — such as the massive stimulus programs at the Fed since the 2008 financial crisis — can affect currency exchange rates but don't amount to currency manipulation.
"I think currency manipulation that is undertaken in order to alter the competitive landscape and give one country an advantage in international trade is inappropriate and needs to be addressed," she told the Senate Banking Committee where she presented the semiannual monetary policy report...............................................Full Article: Source
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